Apartments in Downtown Austin

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Downtown Austin

An Austin Neighborhood


Austin is known as the live music capital of the world, with great food and plenty of things to do. There are many wonderful neighborhoods to live in and fun places to hang out, and Downtown Austin is the hub of it all. Find some of the best entertainment in Austin at the Zach Theater or Paramount Theater. If you want to enjoy a lovely hike, check out the Lady Bird Bike-and-Hike trail. But when you're searching for Downtown Austin Apartments it can difficult to sift through all of the listings on the web or walk the streets to find places in the area that you're looking for.

That's exactly why ABODO exists. We gather listings from all over the web and we add new properties every day. And we do all this just so we can make sure that you've got the freshest list of apartments in downtown Austin to choose from!

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If you're not sure how much an apartment will cost, the table below shows the average price by size.

1 Bedroom
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4 Bedrooms
5+ Bedrooms
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August Rent Report

Welcome to the August 2022 Austin Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2022 key findings and figures for the Austin rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Austin and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Austin average rent prices in the chart below.

Monthly Rent Report

Austin Rent Prices Increase From July to August

Austin rent prices increased over the last month. From July to August, the city experienced a 2.24% increase for the price of a one-bedroom apartment. The rent price for a Austin one-bedroom apartments currently stands at $1,503.0.

When we take a look at the two-bedroom comparison from July to August, Austin experienced a 2.39% increase for the price of a two-bedroom apartment. The rent price for a Austin two-bedroom apartments currently stands at $1,844.0.

August Prices: Austin vs. Surrounding Areas

Rent Prices in Austin and Surrounding Areas

Rent prices have increased in Austin over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 7 of the Austin suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in San Marcos, TX, Pflugerville, TX, Round Rock, TX, Georgetown, TX, Cedar Park, TX, Kyle, TX, Leander, TX .

  • Rents did not decrease in any of the Austin suburbs.

  • 1 suburb is currently priced higher than the city of Austin.

  • 6 suburbs are currently priced lower than the city of Austin.

August 2022 Pricing Trends: Austin vs. National Comparisons

Austin Rent Prices More Affordable Than Major Cities

Rent growth in Austin over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Austin average rent prices appear to be relatively affordable for local residents.

The price for a Austin one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's August 2022 National Apartment Report and data set here.

For more information about Austin and surrounding area rent prices, take a look at the complete data set below.

Data set for Austin and suburbs

1 BR August 1 BR M/M % Change 2 BR August 2 BR M/M % Change
Austin, TX $1,470.0 2.94% $1,801.0 3.03%
San Marcos, TX $1,044.0 1.56% $1,233.0 1.98%
Pflugerville, TX $1,361.0 4.29% $1,650.0 2.61%
Round Rock, TX $1,379.0 5.43% $1,743.0 5.06%
Georgetown, TX $1,291.0 1.49% $1,434.0 0.42%
Cedar Park, TX $1,418.0 4.65% $1,835.0 2.74%
Kyle, TX $1,668.0 2.33% $1,944.0 8.12%
Leander, TX $1,427.0 3.33% $1,668.0 2.08%


Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.